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Friday, February 12, 2010

Sahyadri Industries Limited

Sahyadri Industries Ltd. is a well known group in Building Material Industry based at Pune. Their Product line Includes manufacturing of corrugated sheets required for roofing purpose & accessories required for roofing purpose. They have an entire range of roofing systems, irrespective of the type of construction.

Future Expansion

Sahyadri Industries has recently forayed in to the power generation space Using the non-conventional energy resources like wind & Solar. They have planned to invest in 6 wind mills in the state of Rajasthan & Tamil Nadu. The WindPower generation from the tamil nadu facility will be consumed by their Manufacturing plant in Perundurai and the power generation at Rajasthan will be sold to the state Ulility.

They also generates carbon emission reduction which may be negotiated for price in international market under Clean Development Mechanism, subject to completing formalities and obtaining certificate of carbon emission reduction as per Kyoto Protocol.Company Clients.

They have range for client from sectors both private & public sector companies like Food corporation for india, Indian Oil Corporation, HPCL, Central Railways, Alfa laval, M&M, RCF, Bharat Forge and Jindal Aluminum. They also export to very many customers in Middle east & Africa.

Recent News.

Sahyadri Industries bags two awards Sahyadri Industries Ltd. bags award for the “Best Performing Windmills” second year in a row.

Sahyadri Industries is planning to raise long term funds through further issuance of equity shares on Qualified Institutional Placement (QIP) and / or preferential allotment basis to basis.Valuations

SIL is likely to post an EPS of Rs 33 in FY10, which would further go up to Rs 38 in FY11. The support levels are around Rs 90 and thereafter at Rs 85. Investors With Long term view can look at this stock for investment with a target for 160 to 200 in 18 to 24 months.